It’s no surprise to me that buyers are choosing to call The Residences at Mandarin Oriental Atlanta home. With spectacular finishes, stunning views, and a premium Buckhead location, the Mandarin Oriental has managed to solidify it’s position in the Atlanta luxury condo market.
The first sale of the year has closed in the building. Residence 53A, which was the smallest unit available, closed at $1,500,000. Two more homes are already under contract. Residence 42A listed at $1,700,000 (with traditional finishes and a floor plan from the Mansion on Peachtree days) and Residence 43A listed at $2,150,000 (one of the spectacular new construction units with transitional finishes).
“The momentum at The Residences is obvious with 50 percent of our building already sold,” said John Kubicko, senior vice president for iStar Financial. “Our building is the only luxury one in the area with ready-to-move-in inventory, and the product is clearly resonating with buyers. After selling the eight finished homes we put on the market in record time last year, we believe this next phase of 10 available residences will move quickly.”
Out of the limited inventory available, iStar plans to leave six units as shells for discerning homebuyers seeking a fully customized home. These remaining units are expected to sell by the end of the year.
“Our homes really represent a new Buckhead, where stuffy traditional is out and sophisticated, high-end design with a mix of modern elements and clean lines is in,” Rodriguez said. “We have worked hard to reposition this property as the premier address in Buckhead, and we believe we have done exactly that.”
I completely agree with my friend Karen. Stuffy traditional isn’t what buyers want any more. They want timeless, classic but stylish homes and the Mandarin is giving buyers exactly that. There are a good selection of two- and three-bedroom homes available. If you require more space, you an purchase Residence 51, a full floor residence with four-bedrooms – priced at $3,775,000.
What is for sale at the Mandarin Oriental? Check out the listings below!